- Mahama to scrap e-levy, COVID levy
- Taxes to be abolished within 100 days.
- Import duties on industrial equipment scrapped.
- VAT reform to ease burden on households.
John Dramani Mahama, the Presidential Candidate of the National Democratic Congress (NDC), has made a bold promise to scrap several draconian taxes within his first 100 days in office if elected in the 2024 general elections.
The taxes earmarked for elimination include the contentious e-levy, COVID levy, 10% levy on bet winnings, and the emissions levy.
Mahama explained that this decision would alleviate hardships and reduce the high cost of doing business in the country.
He made this pledge at the launch of the NDC’s 2024 Manifesto in Winneba, Central Region, on Saturday, August 24.
The NDC flagbearer committed to scrapping import duties on vehicles and equipment imported for industrial and agricultural purposes.
This move aims to ease the burden on businesses and stimulate economic growth.
Mahama also pledged to apply the Price Stabilization and Recovery Levy on fuel to stabilize prices and rationalize fees at ports.
This will reduce the burden on importers and Ghanaians, providing relief from the high cost of living.
Additionally, Mahama promised to undertake a comprehensive reform of Ghana’s VAT regime to provide relief for households and businesses.
The reform includes reversing the VAT flat rate regime, upwardly adjusting the VAT registration threshold, and repealing the law imposing VAT on domestic electricity consumption.
